Modi government is presenting the general budget on today i.e. 1st February, Finance Minister Nirmala Sitharaman is presenting her third budget continuously at 11 am.
There was a meeting of the Union Cabinet before the budget was presented in Parliament, in which it got the approval.
The budget is expected to provide relief to the common man suffering from the epidemic. At the same time, more attention is also being paid to pursue economic reforms through increased spending on healthcare infrastructure and defense.
Union Finance Minister Nirmala Sitharaman said that “the budget of 2021-22 rests on 6 pillars. The first pillar is health and welfare, the second – physical and financial capital and infrastructure, the third – inclusive growth for aspiring India, new life in human capital. Communicating, fifth – innovation and research and development, sixth pillar – minimum government and maximum governance”.
She said while talking on the covid vaccine that the Government of India is giving relief from covid 19 to not only the citizens of India but also the people of 100 other countries.
She said, “India has two vaccines available at the moment with the help of which Indian citizens have been started to be protected. Along with this, more than a hundred countries have started to be protected with covid 19. Knowing this Relieved that two other vaccines are going to be available soon.
Nirmala Sitharaman has said that “The PMGKY, the three self-contained packages and subsequent announcements made by the government to support the most sensitive sections, were in themselves similar to the five mini budgets. Self-sufficient packages have brought our pace of structural reforms Enhanced.”
The Union Budget has commented on the expenditure in public health by the Chief Executive Officer of financial sector company BankBazaar.com. Adil Shetty, CEO of BankBazaar.com, said, “India has very low insurance penetration. The National Sample Survey Office conducted a survey between 2017 and 2018, taking a sample of 113,823 urban and rural households.
The findings show that 85.9 percent of the people in rural areas and 80.9 percent of the urban population did not have health insurance. The survey said that the average cost of being admitted to private hospitals is Rs 15,937 in rural areas and Rs 22,031 in urban areas. ”
“About 79.5 percent of the rural population paid their hospital bills independently, even by selling physical assets, while 13.4 percent borrowed. In urban areas, 83.7 percent of households paid their savings, with 8.5 percent dependent on debt. It is clear that health problems spoil the economic condition of a common Indian. Therefore, more and more funding of public healthcare is welcome. Waiting for the plan details.”